On May 8, 2002, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal ReserveBanks for foreign official and international accounts was $ 742,477 million, a change of $ + 470 million for the week. The total includes$ 595,294 million of U.S. government securities and $ 147,183 million of federal agency securities. The total includes the face value ofU.S. Treasury strips and other zero coupon bonds.1 Face value of the securities.2 Net of $ 20,021 million (daily average over statement week) and $ 18,638 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,021 million (daily average) and $ 18,638 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 585 million (daily average) and $ 370 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,089 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.5 Consists of required clearing balances of $ 9,861 million and adjustments of $ 268 million to compensate for float.6 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday May 8, 2002

Wednesday May 1, 2002

Wednesday May 9, 2001

Gold certificate account

11,044

0

- 2

Special drawing rights certificate account

2,200

0

0

Coin

973

- 9

- 137

Loans

92

- 4

- 3

Acceptances

0

0

0

Repurchase agreements -- triparty (1)

19,000

- 15,500

+ 3,993

Federal agency obligations (2)

Bought outright

10

0

0

Held under repurchase agreements

0

0

0

U.S. government securities (2)

Bought outright--Bills

194,812

+ 2,796

+ 15,904

Notes (3)

283,545

+ 9

+ 34,176

Bonds (4)

105,315

+ 7

+ 7,150

Total bought outright (5)

583,672

+ 2,812

+ 57,230

Held under repurchase agreements

0

0

0

Total U.S. government securities

583,672

+ 2,812

+ 57,230

Total loans and securities

602,774

- 12,693

+ 61,220

Items in process of collection

(1,132)

8,527

- 60

- 384

Bank premises

1,514

+ 2

+ 15

Other assets (6)

37,644

+ 369

+ 1,589

TOTAL ASSETS

(1,132)

664,674

- 12,392

+ 62,299

LIABILITIES

Federal Reserve notes

616,279

+ 2,255

+ 55,767

Reverse repurchase agreements -- triparty (1)

0

0

0

Deposits

Depository institutions

16,169

- 14,785

+ 4,929

U.S. Treasury--general account

5,452

+ 1,129

+ 1,025

Foreign--official accounts

82

- 10

- 7

Other

(3)

251

+ 39

- 104

Total deposits

(3)

21,955

- 13,627

+ 5,845

Deferred availability cash items

(1,129)

7,686

- 906

- 381

Other liabilities and accrued dividends (7)

2,415

+ 42

- 1,046

TOTAL LIABILITIES

(1,132)

648,335

- 12,236

+ 60,184

CAPITAL ACCOUNTS

Capital paid in

8,101

+ 45

+ 1,056

Surplus

7,303

+ 3

+ 824

Other capital accounts

936

- 203

+ 235

*Figures in parentheses are the eliminations made in the consolidation process.1 Cash value of agreements arranged through third-party custodial banks.2 Face value of the securities.3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 643 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 446 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,638 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 370 million that are fully collateralized by otherU.S. government securities.6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates.7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 8, 2002

Millions of dollars

U.S. governmentsecurities (1,2)

Federal agencyobligations(2)

Loans

Holding

Weeklychanges

Holdings

Weekly change

RepurchaseAgreementsTriparty(3)

ReverseRepurchaseAgreementsTriparty(3)

Within 15 days

14

27,663

+ 5,142

0

0

14,000

0

16 days to 90 days

78

125,948

+ 3,210

0

0

5,000

0

91 days to 1 year

0

133,193

- 5,555

0

0

------

------

Over 1 to 5 years

161,355

+ 2

10

0

------

------

Over 5 to 10 years

54,005

+ 6

0

0

------

------

Over 10 years

81,509

+ 7

0

0

------

------

Total

92

583,672

+ 2,812

10

0

19,000

0

1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,089 million of compensation that adjusts for the effects of inflation on the principal of such securities.2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements.3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 8, 2002Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,044

533

4,369

430

522

819

926

1,080

346

179

309

485

1,046

Special drawing rights certif. acct.

2,200

115

874

83

104

147

166

212

71

30

66

98

234

Coin

973

55

52

51

50

130

88

123

55

38

69

125

137

Loans

92

7

0

0

0

0

0

32

6

37

9

0

2

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Repurchase Agreements -- triparty(1)

19,000

0

19,000

0

0

0

0

0

0

0

0

0

0

Federal agency obligations(2)

Bought outright

10

1

4

0

1

1

1

1

0

0

0

0

1

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

U.S. government securities(2)

Bought outright--Bills

194,812

11,162

76,651

7,491

10,749

15,194

13,871

22,926

6,927

3,045

5,759

4,324

16,714

Notes (3)

283,545

16,246

111,564

10,903

15,645

22,114

20,190

33,368

10,082

4,433

8,382

6,293

24,327

Bonds (4)

105,315

6,034

41,437

4,050

5,811

8,214

7,499

12,393

3,745

1,646

3,113

2,337

9,036

Total bought outright(5)

583,672

33,441

229,652

22,444

32,204

45,522

41,560

68,687

20,754

9,124

17,253

12,954

50,077

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

583,672

33,441

229,652

22,444

32,204

45,522

41,560

68,687

20,754

9,124

17,253

12,954

50,077

Total loans and securities

602,774

33,448

248,656

22,444

32,205

45,523

41,560

68,720

20,760

9,161

17,262

12,954

50,079

Items in process of collection

9,659

293

1,158

403

490

615

838

789

631

610

647

454

2,731

Bank premises

1,514

92

181

49

152

131

280

108

43

123

49

136

171

Other assets(6)

37,644

1,978

13,366

1,254

2,484

5,267

2,540

3,907

1,022

642

998

831

3,355

Interdistrict settlement account

0

- 2,619

+ 3,565

- 2,512

- 3,743

+ 799

+ 770

- 3,178

- 1,310

+ 4,524

- 452

+ 7,936

- 3,780

TOTAL ASSETS

665,806

33,894

272,222

22,202

32,264

53,431

47,169

71,761

21,619

15,307

18,948

23,018

53,973

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Face value of the securities.3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 643 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 446 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,638 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 370 million that are fully collateralized by other U.S. government securities.6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.

Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 8, 2002Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

616,279

30,577

258,134

20,625

29,064

46,955

43,904

66,062

20,237

13,747

17,396

21,564

48,013

Reverse repurchase agreements--triparty(1)

0

0

0

0

0

0

0

0

0

0

0

0

0

Deposits

Depository institutions

16,169

1,659

3,196

517

1,274

1,263

1,147

3,149

601

562

656

608

1,538

U.S. Treasury--general account

5,452

0

5,452

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

82

2

58

1

3

7

2

3

1

1

1

1

3

Other

255

11

134

0

0

101

0

1

2

0

1

4

0

Total deposits

Deferred credit items

8,815

620

961

492

360

679

907

638

265

500

404

410

2,576

Other liabilities and accrued dividends (2)

TOTAL LIABILITIES

649,466

33,016

268,677

21,742

30,844

49,256

46,156

70,112

21,212

14,890

18,555

22,678

52,327

CAPITAL ACCOUNTS

Capital paid in

8,101

430

1,682

223

722

2,114

451

801

205

306

191

167

808

Surplus

7,303

418

1,504

221

665

1,757

535

793

149

110

191

164

796

Other capital accounts

936

29

358

16

33

303

27

55

53

0

11

9

42

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

665,806

33,894

272,222

22,202

32,264

53,431

47,169

71,761

21,619

15,307

18,948

23,018

53,973

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

749,316

35,167

299,965

27,460

33,825

57,114

61,487

72,841

23,773

15,946

21,224

33,975

66,537

Less--Held by F.R. Banks

133,037

4,590

41,832

6,835

4,761

10,159

17,584

6,779

3,536

2,198

3,829

12,411

18,524

F.R. notes, net

616,279

30,577

258,134

20,625

29,064

46,955

43,904

66,062

20,237

13,747

17,396

21,564

48,013

Collateral held against F.R. notes

Gold certificate account

11,044

Special drawing rights

certificate account

2,200

Other eligible assets

353

U.S.govt. and agency securities(3)

602,682

Total collateral

616,279

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements.